I simply want to commend the Senator from Oregon. The reality is that we have to simply face up to this thing. The Senator has learned, as he says, from experience, that we have to do this. We just cannot let these things go up endlessly. In fact--if the page can take this over to Senator Packwood--this is from OMB's four volumes that we get with the budget. If you look at that graph there, it says ``Lifetime Net Tax Rates Under Alternative Policies.'' I was born in 1928, and I end up with about 30 percent. I assume the Senator was born around 1940.
Lateefah Simon: “I simply want to commend the Senator from Oregon. The reality is that we have to simply face up to this thing. The…”
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The speaker commends a colleague and discusses the importance of addressing tax rates.
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